Mastering ABC Inventory Control: A Smarter Way to Manage Stock
Running a business efficiently means keeping the right balance between supply and demand. One of the most effective methods companies use is the ABC inventory control system. Whether you manage a warehouse, retail store, or e-commerce business, ABC inventory management helps you prioritize your stock, reduce costs, and boost overall efficiency. What is ABC Inventory Control? ABC inventory control is a method that classifies inventory into three categories: A Items: High-value products with low sales frequency but critical to your business. B Items: Moderate value items with a balanced demand. C Items: Low-value products with high sales volume. By dividing inventory this way, businesses can focus resources on what matters most. Why Use ABC Inventory Management? Improves cash flow: By investing more in high-value items (A), you avoid overstocking less profitable products. Reduces waste: Overstocked low-value products (C) often lead to storage costs and ...